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Sen. Bernie Sanders is set to stake out uncharted territory in the Democratic presidential primary, offering up a plan to completely eliminate the student loan debt of every American.On Monday, Sanders will submit legislation that cancels .6 trillion of student loan undergraduate and graduate debt for approximately 45 million people. His ambitious plan has no eligibility limitations and would be paid for with a new tax on Wall Street speculation.The proposal goes further than the plan already unveiled by his Democratic primary rival Sen. Elizabeth Warren. Warren's debt relief package was subject to income eligibility levels to determine how much relief the average person would receive -- parameters that Warren said were aimed at closing the racial wealth gap. Under the Sanders plan, if you have student debt of any kind it would be canceled the second the legislation is signed into law.Sanders will announce the legislation alongside Minnesota Rep. Ilhan Omar and Washington Rep. Pramila Jayapal, co-chair of the Congressional Progressive Caucus.This rollout comes at a time when second place in Democratic primary polling, behind former Vice President Joe Biden, seems up for grabs -- with Warren rising in recent voter surveys. With this latest, detailed pitch, Sanders is aiming to solidify his credentials as the most progressive candidate in a field that has largely embraced the priorities he brought to a national audience in 2016. The proposal is sure to invite new criticism from Democratic moderates, who have sought to cast themselves as pragmatic alternatives to Sanders' efforts to fundamentally remake the country's economic system.On the stump and in interviews, Sanders has long spoken about finding ways to relieve the burden of student debt, but this this is his most specific plan to date. He teased the announcement during an event in South Carolina on Saturday night."We are going to forgive student debt in this country," Sanders said. "We have for the first time in the modern history of this country a younger generation that if we don't change it, and we intend to change it, will have a lower standard of living than their parents, more in debt, lower wages than their parents, unable to buy the house that they desire."The plan is part of a more comprehensive "college for all" program that Sanders has already released in pieces and includes free tuition at all four-year public colleges and universities, as well as community colleges. The broader proposal also includes subsidies to reduce the cost of tuition and fees for low income students at private colleges that historically serve underrepresented communities.Sanders will also release a detailed roadmap -- centered on new taxes on Wall Street -- to raise the .2 trillion dollars necessary to pay for this program and his other college funding plans. It will include a 0.5% tax on stock trades (or 50 cents for every 0 worth of stock), a 0.1% fee on bonds, and a 0.005% fee on derivatives. Sanders believes that could raise more than .4 trillion dollars over the next ten years.Sanders has already introduced the Wall Street speculation tax, which he calls the Inclusive Prosperity Act. At an event on Sunday in South Carolina he delivered the political argument for using it to help millions of Americans struggling with student debt."Congress voted to bail out the crooks on Wall Street, do you remember that?" he asked the crowd to a chorus of boos. "They provided seven hundred billion in federal loans and in addition trillions of dollars in zero or very low interest loans. So I think the time is now for Wall Street to repay that obligation to the American people. If we could bail out Wall Street, we sure as hell can reduce student debt in this country." 3783
Starbucks, the home of the latte, is expanding a program to open coffee shops in poor neighborhoods. The Seattle-based company plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. Each store will have event space, and Starbucks will work with local United Way chapters to offer programs like youth job training. Starbucks has opened 15 community stores since it announced the project 2015, including ones in Ferguson, Missouri, and New Orleans. The company says the stores are profitable and feature the same menu and similar prices as regular Starbucks. 606
Surprise, Arizona, police arrested a man after his toddler was found wandering the neighborhood for the third time this year.Surprise police report that on March 7 about 9:30 p.m. a toddler was found wandering in a neighborhood.Police say the same child was seen wandering the area two other times since January.Police made contact with the child's father, 26-year-old Daniel Dwain West, who appeared to be "under the influence of some mind-altering substance," according to police.West reportedly told them that his son is a "smart 3-year-old" and "escaped through the front door," while he was feeding the boy.Police say the child was found nearly a third of a mile from home, wearing soiled pajama bottoms.West was arrested for endangering the life of a minor. 775
Stocks sank again on Wall Street as more signs piled up of the economic and physical pain being caused by the coronavirus outbreak. The S&P 500 and Dow Jones Industrial Average dropped nearly 5% in afternoon trading on Wednesday after President Donald Trump warned the country to brace for “one of the roughest two or three weeks we’ve ever had in our country.” The selling was widespread, and all 11 sectors that make up the S&P 500 were down. Treasury yields sank as investors moved into safer investments. Stocks worldwide fell following a weak reading on Japanese business sentiment and after big British banks cut their dividends to preserve cash. The Dow Jones Industrial Average lost nearly 1,000 points, which means the index has lost nearly 9,000 points in the last eight weeks. 808
RICHMOND, Va. (AP) — Confederate monuments have become a target of protesters demonstrating against the police killing of George Floyd. As tense protests swelled across the country Saturday into early Sunday, monuments in Virginia, the Carolinas and Mississippi were defaced. The headquarters of the United Daughters of the Confederacy in Richmond also burned for a time and had graffiti scrawled on its exterior. The presence of Confederate monuments across the South and elsewhere in the United States has been challenged for years. Some of the targeted monuments have been under consideration for removal. In Tennessee and Pennsylvania, statues of people criticized for racist views, but without Confederate ties were also targeted. 747